SOC.NYSESable Offshore CORP

SCHEDULE: FMR LLC Reports 5.9% Stake in Sable Offshore Corp

Sentiment:

Beneficial Ownership Report

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FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 5.9% in Sable Offshore Corp's common stock as of June 30, 2025.

Summary

  • FMR LLC and Abigail P. Johnson filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Sable Offshore Corp.
  • They collectively beneficially own 5,822,048 shares of Sable Offshore Corp's common stock.
  • This ownership represents 5.9% of the total outstanding common stock.
  • FMR LLC holds sole voting power over 5,821,580 shares and sole dispositive power over 5,822,048 shares.
  • Abigail P. Johnson holds sole dispositive power over 5,822,048 shares.
  • The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of beneficial ownership, providing factual information without indicating positive or negative operational performance or strategic shifts for the issuer.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of institutional ownership by FMR LLC (Fidelity), a major asset management firm. Their reported stake in Sable Offshore Corp indicates a passive investment, typical for large institutional investors diversifying their portfolios.

Related Party Transactions

  • The filing clarifies that Abigail P. Johnson is a Director, Chairman, and Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power. Through a shareholders' voting agreement, the Johnson family group may be deemed to form a controlling group with respect to FMR LLC.

Stakeholder Impact

  • The disclosure of a significant institutional stake (5.9%) by FMR LLC, a prominent asset manager, could be viewed positively by other investors, potentially signaling institutional confidence in Sable Offshore Corp and increasing investor interest and liquidity in its common stock.

Key Dates

DateDescription
May 23, 2023Effective date of Power of Attorney for Richard Bourgelas, authorizing signatures for FMR LLC and Abigail P. Johnson.
August 8, 2023Date of previous Schedule 13G filing by FMR LLC, referenced for Power of Attorney accession number.
June 30, 2025Date of event which requires filing of this statement, representing the reporting period end for beneficial ownership.
August 5, 2025Filing date of the Schedule 13G Amendment No. 3.

Keywords

Sable Offshore Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Management

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